BERNIE ECCLESTONE DEPARTURE FROM THE CHAIRMAN OF THE EXECUTIVE FORMULA ONE
Bernie Ecclestone, one of the richest Britons, confirmed to German Auto, Motor und Sport was dismissed from the post of Executive Director of Formula 1. After a full 40 years, 86-year-old businessman cease its long era of government. He will be replaced by the 63-year-old Chase Carey appointed by the Liberty, who bought the commercial rights to the sport earlier this year. The strategies applied by Ecclestone will certainly continue to be necessary and he was offered the position of honorary president.
A BIG POLLUTION PROBLEM IN LONDON
The post-industrial British capital was forced to issue its first “very high” pollution warning on Monday because of cold and calm weather that prevented emissions from cars and wood fires from dispersing. The problem is deadly serious. London surpassed the EU’s annual limit for nitrogen dioxide exposure just five days into the new year, according to King’s College. The university estimates that air pollution is responsible for 9,400 premature death sin London every year. This is not the first time London has battled the pollution. For decades, the city has been known for its thick “pea soup fog.” “This is the highest alert level and everyone – from the most vulnerable to the physically fit – may need to take precautions to protect themselves from the filthy air,” said Mayor of London Sadiq Khan.
DEUTSCHE TELEKOM ISSUED 3.5 BILLION WORTH OF BONDS
German telecommunications company Deutsche Telekom issued a 3.5 billion euro worth bonds of different maturities from 4,5 to ten years.. Driven by favorable environment in bonds they decided to issue such a large amount of bonds as part of the financial optimization of DT Group. Funds raised by Deutsche Telekom will be used to provide financial assistance to its US subsidiary T-Mobile US. Despite the fact that the amount of previously issued bonds was already large, the company is considering making additional $ 4 billion worth of bonds available, as a part pay off plan for the existing debt, which the company has in the United States. Croatian Telecom as part of the Deutsche Telekom already bought their bonds, some with values of almost a billion, but so far there is no information whether we participated in the purchase of the newly issued bonds.